Refer to the Information Provided in Figure 33

question 265

Multiple Choice

Refer to the information provided in Figure 33.4 below to answer the question(s) that follow. Figure 33.4
-Refer to Figure 33.4. The domestic price of a leather wallet is $20. With free trade the price of a leather wallet is $10 and after a tariff is imposed the price is $15. If the tariff is raised so that it now equals $10, tariff revenue in this country will be

• A) $0.
• B) $1,000.
• C) $2,000.
• D) $3,000.

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Definitions:

Air-over-hydraulic Brakes

A braking system that uses air pressure to control the hydraulic fluid movement, thereby combining the advantages of both air and hydraulic braking systems.

Hydraulic Booster Assemblies

Components designed to enhance the efficiency of hydraulic systems by increasing the pressure or force applied within the system.

Quick Release Valves

Quick Release Valves are components in air braking systems that allow for rapid exhaust of air from the brake chambers, facilitating faster release of the brakes and reducing brake release time.

Combination Valve

Used in a hydraulic brake system, it contains the safety switch, metering, and proportioning valves in a single valve body and usually is located close to the master cylinder. Also may refer to other multiple function valves such as the service, emergency, relay valve (SERV) used on air brake systems.